Northbridge acquires Tasman Oil Tools Limited (New Zealand)

Deal typeTransaction Services

Northbridge Industrial Services plc (“Northbridge”) is a UK-headquartered AIM-listed group engaged in the hire and sale of specialist industrial equipment.           

Further demonstrating BDO’s global capabilities, the BDO Transaction Services teams in Birmingham, UK and Christchurch, New Zealand have undertaken Financial and Tax due diligence for Northbridge in connection with their acquisition of New Plymouth-based Tasman Oil Tools Limited (New Zealand) (“Tasman”). Tasman is a leading player in the hire of specialist tools for use in the oil and gas industry, particularly in the Taranaki on-shore and off-shore region on New Zealand’s north island.  

"The acquisition of Tasman was an important transaction for the Northbridge Group in expanding the depth and geographical reach of our oil tools business. Leveraging their international capabilities, BDO were very supportive and proactive throughout the transaction process, producing a comprehensive, yet focussed and issues-driven report to a very challenging timetable. I look forward to working with the BDO team again in the future and would not hesitate to recommend them".    

Craig Robinson, Finance Director, Northbridge Industrial Services plc